ProShare Advisors LLC Buys 1,573 Shares of S&P Global Inc. $SPGI

ProShare Advisors LLC lifted its stake in shares of S&P Global Inc. (NYSE:SPGI) by 0.4% in the second quarter, Holdings Channel.com reports. The fund owned 410,393 shares of the business services provider’s stock after acquiring an additional 1,573 shares during the quarter. ProShare Advisors LLC’s holdings in S&P Global were worth $216,396,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cheviot Value Management LLC acquired a new stake in S&P Global during the 1st quarter worth about $26,000. Costello Asset Management INC bought a new stake in shares of S&P Global during the 1st quarter valued at about $26,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in S&P Global during the second quarter worth approximately $26,000. CBIZ Investment Advisory Services LLC increased its holdings in S&P Global by 103.3% in the first quarter. CBIZ Investment Advisory Services LLC now owns 61 shares of the business services provider’s stock worth $31,000 after purchasing an additional 31 shares in the last quarter. Finally, eCIO Inc. acquired a new position in S&P Global in the first quarter valued at approximately $32,000. 87.17% of the stock is owned by institutional investors.

S&P Global Stock Performance

NYSE SPGI opened at $495.89 on Monday. The company has a fifty day moving average price of $502.04 and a 200-day moving average price of $516.84. The firm has a market cap of $150.15 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 2.50 and a beta of 1.17. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.98 and a quick ratio of 0.98. S&P Global Inc. has a 1 year low of $427.14 and a 1 year high of $579.05.

S&P Global (NYSE:SPGI) last posted its quarterly earnings data on Monday, February 28th. The business services provider reported $2.33 earnings per share for the quarter. The business had revenue of $1.87 billion for the quarter. S&P Global had a return on equity of 15.11% and a net margin of 27.30%. As a group, equities research analysts predict that S&P Global Inc. will post 17.11 EPS for the current fiscal year.

S&P Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 10th. Investors of record on Tuesday, November 25th will be paid a $0.96 dividend. The ex-dividend date is Tuesday, November 25th. This represents a $3.84 annualized dividend and a yield of 0.8%. S&P Global’s dividend payout ratio is presently 27.93%.

Wall Street Analysts Forecast Growth

SPGI has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of S&P Global from $625.00 to $599.00 and set a “buy” rating for the company in a report on Friday, October 31st. Citigroup upped their price target on S&P Global from $600.00 to $635.00 and gave the stock a “buy” rating in a research note on Monday, September 15th. Morgan Stanley raised their price objective on S&P Global from $615.00 to $620.00 and gave the company an “overweight” rating in a research note on Thursday, October 9th. Barclays upped their target price on S&P Global from $610.00 to $620.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Finally, Evercore ISI lifted their price target on shares of S&P Global from $619.00 to $629.00 and gave the company an “outperform” rating in a research report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating and fourteen have assigned a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $612.38.

S&P Global Profile

S&P Global, Inc engages in the provision of transparent and independent ratings, benchmarks, analytics, and data to the capital and commodity markets worldwide. It operates through the following segments: Market Intelligence, Ratings, Commodity Insights, Mobility, Indices, and Engineering Solutions.